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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.

OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $346.7M, roughly 1.4× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs 0.4%, a 14.9% gap on every dollar of revenue. On growth, OLYMPIC STEEL INC posted the faster year-over-year revenue change (4.4% vs -2.9%). Dolby Laboratories, Inc. produced more free cash flow last quarter ($50.2M vs $-12.9M). Over the past eight quarters, OLYMPIC STEEL INC's revenue compounded faster (0.1% CAGR vs -2.5%).

Dolby Laboratories, Inc. is an American technology corporation specializing in audio noise reduction, audio encoding/compression, spatial audio, and high-dynamic-range television (HDR) imaging. Dolby licenses its technologies to consumer electronics manufacturers.

Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...

DLB vs ZEUS — Head-to-Head

Bigger by revenue
ZEUS
ZEUS
1.4× larger
ZEUS
$490.7M
$346.7M
DLB
Growing faster (revenue YoY)
ZEUS
ZEUS
+7.3% gap
ZEUS
4.4%
-2.9%
DLB
Higher net margin
DLB
DLB
14.9% more per $
DLB
15.4%
0.4%
ZEUS
More free cash flow
DLB
DLB
$63.0M more FCF
DLB
$50.2M
$-12.9M
ZEUS
Faster 2-yr revenue CAGR
ZEUS
ZEUS
Annualised
ZEUS
0.1%
-2.5%
DLB

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
DLB
DLB
ZEUS
ZEUS
Revenue
$346.7M
$490.7M
Net Profit
$53.3M
$2.2M
Gross Margin
87.5%
Operating Margin
17.9%
1.5%
Net Margin
15.4%
0.4%
Revenue YoY
-2.9%
4.4%
Net Profit YoY
-21.4%
-21.2%
EPS (diluted)
$0.55
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DLB
DLB
ZEUS
ZEUS
Q4 25
$346.7M
Q3 25
$307.0M
$490.7M
Q2 25
$315.5M
$496.5M
Q1 25
$369.6M
$492.9M
Q4 24
$357.0M
$418.8M
Q3 24
$304.8M
$470.0M
Q2 24
$288.8M
$526.3M
Q1 24
$364.5M
$526.6M
Net Profit
DLB
DLB
ZEUS
ZEUS
Q4 25
$53.3M
Q3 25
$49.3M
$2.2M
Q2 25
$46.1M
$5.2M
Q1 25
$91.8M
$2.5M
Q4 24
$67.8M
$3.9M
Q3 24
$58.6M
$2.7M
Q2 24
$38.4M
$7.7M
Q1 24
$97.8M
$8.7M
Gross Margin
DLB
DLB
ZEUS
ZEUS
Q4 25
87.5%
Q3 25
87.1%
Q2 25
86.1%
Q1 25
90.3%
Q4 24
88.6%
Q3 24
88.8%
Q2 24
87.7%
Q1 24
89.4%
Operating Margin
DLB
DLB
ZEUS
ZEUS
Q4 25
17.9%
Q3 25
9.7%
1.5%
Q2 25
15.1%
2.3%
Q1 25
29.2%
1.6%
Q4 24
22.4%
2.1%
Q3 24
15.2%
1.7%
Q2 24
12.7%
2.9%
Q1 24
29.9%
3.0%
Net Margin
DLB
DLB
ZEUS
ZEUS
Q4 25
15.4%
Q3 25
16.1%
0.4%
Q2 25
14.6%
1.1%
Q1 25
24.8%
0.5%
Q4 24
19.0%
0.9%
Q3 24
19.2%
0.6%
Q2 24
13.3%
1.5%
Q1 24
26.8%
1.7%
EPS (diluted)
DLB
DLB
ZEUS
ZEUS
Q4 25
$0.55
Q3 25
$0.50
$0.18
Q2 25
$0.48
$0.45
Q1 25
$0.94
$0.21
Q4 24
$0.70
$0.33
Q3 24
$0.59
$0.23
Q2 24
$0.40
$0.66
Q1 24
$1.01
$0.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DLB
DLB
ZEUS
ZEUS
Cash + ST InvestmentsLiquidity on hand
$644.6M
$7.5M
Total DebtLower is stronger
$240.9M
Stockholders' EquityBook value
$2.6B
$579.1M
Total Assets
$3.2B
$1.1B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
ZEUS
ZEUS
Q4 25
$644.6M
Q3 25
$702.6M
$7.5M
Q2 25
$699.3M
$14.8M
Q1 25
$626.6M
$13.3M
Q4 24
$520.8M
$11.9M
Q3 24
$482.0M
$11.1M
Q2 24
$869.0M
$9.4M
Q1 24
$825.4M
$10.3M
Total Debt
DLB
DLB
ZEUS
ZEUS
Q4 25
Q3 25
$240.9M
Q2 25
$233.2M
Q1 25
$235.4M
Q4 24
$272.5M
Q3 24
$197.3M
Q2 24
$209.2M
Q1 24
$196.8M
Stockholders' Equity
DLB
DLB
ZEUS
ZEUS
Q4 25
$2.6B
Q3 25
$2.6B
$579.1M
Q2 25
$2.6B
$578.2M
Q1 25
$2.6B
$574.2M
Q4 24
$2.5B
$573.9M
Q3 24
$2.5B
$570.6M
Q2 24
$2.4B
$569.5M
Q1 24
$2.4B
$563.0M
Total Assets
DLB
DLB
ZEUS
ZEUS
Q4 25
$3.2B
Q3 25
$3.2B
$1.1B
Q2 25
$3.2B
$1.1B
Q1 25
$3.2B
$1.1B
Q4 24
$3.2B
$1.0B
Q3 24
$3.1B
$1.0B
Q2 24
$3.0B
$1.0B
Q1 24
$3.0B
$1.0B
Debt / Equity
DLB
DLB
ZEUS
ZEUS
Q4 25
Q3 25
0.42×
Q2 25
0.40×
Q1 25
0.41×
Q4 24
0.47×
Q3 24
0.35×
Q2 24
0.37×
Q1 24
0.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DLB
DLB
ZEUS
ZEUS
Operating Cash FlowLast quarter
$54.8M
$-5.4M
Free Cash FlowOCF − Capex
$50.2M
$-12.9M
FCF MarginFCF / Revenue
14.5%
-2.6%
Capex IntensityCapex / Revenue
1.3%
1.5%
Cash ConversionOCF / Net Profit
1.03×
-2.50×
TTM Free Cash FlowTrailing 4 quarters
$715.3M
$41.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLB
DLB
ZEUS
ZEUS
Q4 25
$54.8M
Q3 25
$472.2M
$-5.4M
Q2 25
$67.7M
$15.5M
Q1 25
$174.9M
$49.4M
Q4 24
$106.8M
$14.6M
Q3 24
$327.3M
$24.6M
Q2 24
$21.3M
$-2.9M
Q1 24
$181.4M
$-2.6M
Free Cash Flow
DLB
DLB
ZEUS
ZEUS
Q4 25
$50.2M
Q3 25
$435.9M
$-12.9M
Q2 25
$61.3M
$6.8M
Q1 25
$168.0M
$40.6M
Q4 24
$100.0M
$7.4M
Q3 24
$297.2M
$15.6M
Q2 24
$13.7M
$-11.3M
Q1 24
$172.5M
$-7.4M
FCF Margin
DLB
DLB
ZEUS
ZEUS
Q4 25
14.5%
Q3 25
142.0%
-2.6%
Q2 25
19.4%
1.4%
Q1 25
45.5%
8.2%
Q4 24
28.0%
1.8%
Q3 24
97.5%
3.3%
Q2 24
4.7%
-2.2%
Q1 24
47.3%
-1.4%
Capex Intensity
DLB
DLB
ZEUS
ZEUS
Q4 25
1.3%
Q3 25
11.8%
1.5%
Q2 25
2.0%
1.7%
Q1 25
1.9%
1.8%
Q4 24
1.9%
1.7%
Q3 24
9.8%
1.9%
Q2 24
2.6%
1.6%
Q1 24
2.4%
0.9%
Cash Conversion
DLB
DLB
ZEUS
ZEUS
Q4 25
1.03×
Q3 25
9.57×
-2.50×
Q2 25
1.47×
2.96×
Q1 25
1.91×
19.70×
Q4 24
1.57×
3.75×
Q3 24
5.59×
9.01×
Q2 24
0.55×
-0.38×
Q1 24
1.85×
-0.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DLB
DLB

Licensing Brodcast Revenue$100.3M29%
Licensing Mobile Revenue$74.9M22%
Licensing Other Revenue$70.2M20%
Licensing CE Revenue$45.6M13%
Licensing PC Revenue$28.7M8%
Products And Services$26.9M8%

ZEUS
ZEUS

Carbon Flat Products$268.2M55%
Specialty Metals Flat Products$140.9M29%
Tubular And Pipe Products$81.6M17%

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